LCH.Clearnet Group Promoted Daniel Maguire to Global Head of SwapClear

The LCH.Clearnet Group announced that Daniel Maguire has been appointed Global Head of SwapClear, LCH.Clearnet’s global interest rate swap Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term business, which in 2013 cleared a total daily average of $2 trillion USD, notional.

Mr. Maguire replaces Michael Davie, who will now focus on his role as CEO of LCH.Clearnet Ltd. Daniel Maguire will report to Michael Davie and joins LCH.Clearnet Group’s Executive Committee.

Daniel Maguire brings a solid track record to his new role as the Head of SwapClear in the United States and Global Head of Product and Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term, where he has spearheaded SwapClear’s development into client clearing. Mr. Maguire has a wealth of experience, originally joining LCH.Clearnet in 1999. He returned to LCH.Clearnet in 2008 having spent three years at JPMorgan Chase, working in the Global Commodity Exotics and Hybrids business.

Suneel Bakhshi, CEO of LCH.Clearnet Group, said in the announcement: “We are delighted that Daniel Maguire is assuming the role of Global Head of SwapClear. He brings a wealth of experience to the role, having played an integral part in building SwapClear’s US business over the past two years. Under his leadership, SwapClear will continue to build on its reputation of closely partnering with members and clients to deliver world-class service and solutions.”

Mr. Bakhshi added: “I would also like to take this opportunity to thank Michael Davie for his exceptional leadership over the past three years. He led SwapClear through a period of significant growth in a rapidly evolving competitive and regulatory landscape. As CEO of LCH.Clearnet Ltd., Michael is playing a key role in developing and executing the Group’s strategy as we position ourselves to provide even more effective solutions to our clients worldwide.”